dYdX's annual ecosystem report shows a cumulative transaction volume exceeding $1.55 trillion, with share buybacks expanding to 75% of net revenue.

According to PRNewswire, the dYdX Foundation released its 2025 dYdX Ecosystem Annual Report, outlining the ecosystem's protocol activities, development, governance implementation, and ecosystem growth. The report shows that its historical cumulative transaction volume has exceeded $1.55 trillion, with Q4 2025 reaching $34.3 billion, the highest quarterly figure of the year, compared to approximately $16 billion in Q2. Regarding product expansion, dYdX has launched native spot trading on Solana and, with governance approval, increased its buyback program to 75% of the protocol's net revenue. In terms of execution, distribution, and governance, dYdX's focus remains on building a sustainable foundation to support continued participation and long-term growth as on-chain derivatives continue to grow and mature.